News

Policy inconsistency and discord within government is keeping away potential foreign investors interested in Zimbabwe, the Netherlands ambassador to Zimbabwe, Gera Sneller has said. Officially launching the Zimbabwe Netherlands Business…

Zimre Property Investments posted a 35 percent increase in profit after tax to $572 000 in the half year to June 2016, driven by a growth in projects income. Projects…

Innscor Africa reported a six percent increase in revenue from $554 million to $586 million in the full year to June driven by a growth in volumes across its business…

Zimbabwe’s largest media group, Zimpapers today reported a 70 percent drop in net profit, from $1.9 million to $571 000, for the half year to June 2016 after incurring a…

Zimbabwe Stock Exchange-listed hotelier, Rainbow Tourism Group (RTG), has pulled out of Mozambique, citing a worsening political situation and cuts in spending by the government of that country. Mozambique is…

Neville Mutsvangwa, son of war veterans leader Christopher Mutsvangwa was yesterday acquitted of raping a 43-year old woman after the magistrate Hoseah Mujaya ruled that his accuser’s evidence was poorly…

Zimbabwe’s financial troubles, which have seen the country fail to pay its arrears to the international financial institutions to get a new bailout and delays in paying civil servants, are…

The Zimbabwe government has embarked on an offensive to drum up faltering remittances from the diaspora, a central bank official said today. In the six months to June this year,…

The Infrastructure Development Bank of Zimbabwe (IDBZ) says the $50 million Zimbabwe Power Company (ZPC) bond floated in 2014 has been fully subscribed and that it also plans to raise…

Zimbabwe’s state owned fixed line operator TelOne says it has processed transactions worth more than $4 million on its online payment platform in the six months to June 2016. The…